BKV Files 8K - Entry Into Definitive Agreement >BKV
BKV Corp. (BKV) filed a Form 8K - Entry Into a Definitive Agreement - with the U.S Securities and Exchange Commission on October 07, 2026. On October 2, 2026, a wholly owned subsidiary of BKV Corporation ("BKV" or the "Company") entered into an equipment supply contract (the "Supply Contract") with a Tier 1 supplier (the "Supplier") for the purchase of power generation equipment, including two turbines, certain balance of plant equipment and related services (collectively, the "Equipment"), for the Company's prospective power generation project in Texas. Under the Supply Contract, the Supplier will supply and deliver the Equipment between September 2028 and May 2029 for an aggregate purchase price of approximately $800.0 million (the "Contract Price"). $80.0 million in reservation fees previously paid by the Company are credited against the Contract Price. The remainder of the Contract Price is payable in installments from October 2026 through December 2028. Inclusive of the $80.0 million reservation fee credit, approximately $200.0 million of the Contract Price is due on or before March 31, 2027. Approximately 90% of the portion of the Contract Price due on or before March 31, 2